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FHA Reserve Study Requirements
Reserve Study

FHA Reserve Study Requirements

A Condominium association needs to be on an approved list for an individual to obtain a Federal Housing Administration FHA-insured loan. A requirement that Reserve contributions represent at least 10% of the total budget. Associations claiming an exception will need to show lower recommended contributions with a professional Reserve Study less than a year old. However, typically 10% of the total budget is not adequate.

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